Are You Eligible for a Third Stimulus Check – and If So, When Will You Get Yours?

As far as the next stimulus, as of late February, the $1,400 amount seems to be settled, so the next question is, who is eligible to receive it? In addition to income levels, the plan’s architects can look at which family members can receive checks.

See: Biden Puts the Stimulus on the Fast Track
Find: Stimulus Checks to Have $200,000 Income Cut Off

The first stimulus sent $1,200 to adults and $500 to dependents 16 and younger. The second stimulus sent $600 to adults and dependents 16 and under. This means that both plans skipped payments to dependents over age 16.

The IRS has two tests for who qualifies as a dependent: support and residency. People who are unmarried, don’t have dependents of their own and receive financial support from a relative, in an amount that is equal to or greater than half of their annual income (which must be less than $4,300 in 2020), can be claimed as dependents.

See: Can You Claim an Adult as a Dependent? Here Are the Rules
Find: How Parents Should Invest Now to Pay for College Later